Global Subscriber Identity Module (SIM): Market to Reach 8.6 Billion SIM Cards by 2027

Amid the COVID-19 crisis, the global market for Subscriber Identity Module (SIM) estimated at 7.1 Number of SIM Cards in Billion in the year 2020, is projected to reach a revised size of 8.6 Number of SIM Cards in Billion by 2027, growing at a CAGR of 2.8% over the period 2020-2027, according to a new report.

The Subscriber Identity Module (SIM) market in the U.S. is estimated at 1.9 Number of SIM Cards in Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1.7 Number of SIM Cards in Billion by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.